Shares of Transformers and Rectifiers (India) Ltd were locked at 5% upper circuit on 26 February after the company announced receiving orders worth Rs 232 crore.

In its regulatory filing, the company said that they had received orders worth Rs 232 crore from Power Grid Corporation of India Limited for designing, engineering, manufacture and testing its Manufacturers works and supply of 5 no of 500 megavolt-amperes, 400/220/33 kilovolt, 3-Phase ICT, 3-Phase auto transformers along with all fitting, five 500 megavolt-amperes 400/220/33 kilovolt, accessories for complete execution and local transportation, in transit insurance, loading and uploading and installation services.

All orders have to be executed within 21 months from the date of issue of notification of award.

Earlier this month, Power Grid Corporation approved the supply of 25 megavolt-amps reactive and 8.33 megavolt-amps reactive 245kV Shunt Reactors from the Changodar Unit of the company.

Earlier on 4 January, the company had announced the completion of the most stringent ‘Dynamic Short Circuit Test’ on 250 megavolt-amperes, 400/33+33 kilovolt class Three Phase Power Transformer that was conducted at the National High Power Test Laboratory.

At 12:00 pm, the shares of Transformers and Rectifiers were locked 5% higher at Rs 361.40 on NSE.